Swiss Bank Corp

Warburg Mulls Link With Swiss Bank Corp.: S.G. Warburg Group said it is considering a partial link-up with the banking concern, capping a day of takeover speculation. Swiss Bank Corp., one of the top three banks in Switzerland, had approached Warburg to discuss merging their investment banking businesses, Warburg said in a statement. Earlier, speculation that U.S. brokerage giant Smith Barney Inc. might bid on all or part of Warburg had pushed the company's stock up 5.9% to $13.

The Federal Reserve Board on Monday gave its OK to a merger of Union Bank of Switzerland and Swiss Bank Corp., the final hurdle remaining for the merger, expected to be completed this month. The combined entity would be the world's second-largest bank. The Fed has jurisdiction over all foreign bank operations in the United States. Its decision approves the U.S. operations that will result from the Swiss banks' merger.

Swiss Bank Corp. said Wednesday that the Robert Maxwell family has defaulted on a $99-million (55-million British pound) loan but vowed that it would help prevent any collapse of the late tycoon's media empire. Banks that have been big lenders to Maxwell fear that defaults could snowball if smaller creditors follow the Swiss Bank lead and demand repayment.

Bank Credit Suisse agreed to settle the claim of a 71-year-old Holocaust survivor, a move her supporters said could clear the way for other ailing Jews to recover their ancestors' long lost assets. The amount paid New York resident Estelle Sapir was reported at between $300,000 and $500,000.

For almost five years, former U.S. Drug Enforcement Administration agent Darnell Garcia deposited more than $2 million in European bank accounts, according to Swiss bank records presented this week in federal court. The records, obtained by U.S. prosecutors under a treaty with the Swiss government, revealed that the money was deposited in Swiss Bank Corp. branches in two small towns on the Italian border, and then transferred to a branch in Luxembourg.

Swiss Bank Corp., Switzerland's third-biggest bank, said it fired five employees in Geneva a few weeks ago in its foreign exchange department for embezzling about $3.4 million. Spokesman Cedric Dietschy said some of the employees were currency traders, while others were managers in the department. They stole commission income from currency transactions in the last two months and deposited the money into accounts held at the bank, he said.

Union Bank of Switzerland and Swiss Bank Corp. are expected today to announce a merger plan that would create the world's second-largest bank, with assets of about $600 billion and businesses ranging from retail banking to money management, sources said Sunday. The two giant banks scheduled a joint news conference in Zurich for this morning, and financial sources in London said the announcement would likely be of a full merger. "Merger talks between Swiss Bank Corp.

The Federal Reserve Board on Monday gave its OK to a merger of Union Bank of Switzerland and Swiss Bank Corp., the final hurdle remaining for the merger, expected to be completed this month. The combined entity would be the world's second-largest bank. The Fed has jurisdiction over all foreign bank operations in the United States. Its decision approves the U.S. operations that will result from the Swiss banks' merger.

Swiss Bank Corp. will acquire a 24.9% stake in Perot Systems Corp. and turn over its global technology operation to the firm founded by billionaire Ross Perot, the companies said Wednesday. The deal, which gives Perot Systems a $250-million-a-year contract and an undisclosed amount of cash, will catapult the Dallas-based company from a minor player in computer services--a field dominated by General Motors Co.

Union Bank of Switzerland and Swiss Bank Corp. are expected today to announce a merger plan that would create the world's second-largest bank, with assets of about $600 billion and businesses ranging from retail banking to money management, sources said Sunday. The two giant banks scheduled a joint news conference in Zurich for this morning, and financial sources in London said the announcement would likely be of a full merger. "Merger talks between Swiss Bank Corp.

Swiss Bank Corp., Switzerland's third-biggest bank, said it fired five employees in Geneva a few weeks ago in its foreign exchange department for embezzling about $3.4 million. Spokesman Cedric Dietschy said some of the employees were currency traders, while others were managers in the department. They stole commission income from currency transactions in the last two months and deposited the money into accounts held at the bank, he said.

In an attempt to avoid a frontal assault on the secrecy of their operations, two large Swiss banks will hold a high-powered bargaining session in Hong Kong that could generate significant payments to 10,000 Filipinos, The Times has learned. The Filipinos are trying to collect on a $1.9-billion judgment against the estate of late Philippine President Ferdinand E. Marcos, stemming from a massive human rights case.

Swiss Bank Corp. will acquire a 24.9% stake in Perot Systems Corp. and turn over its global technology operation to the firm founded by billionaire Ross Perot, the companies said Wednesday. The deal, which gives Perot Systems a $250-million-a-year contract and an undisclosed amount of cash, will catapult the Dallas-based company from a minor player in computer services--a field dominated by General Motors Co.

Warburg Mulls Link With Swiss Bank Corp.: S.G. Warburg Group said it is considering a partial link-up with the banking concern, capping a day of takeover speculation. Swiss Bank Corp., one of the top three banks in Switzerland, had approached Warburg to discuss merging their investment banking businesses, Warburg said in a statement. Earlier, speculation that U.S. brokerage giant Smith Barney Inc. might bid on all or part of Warburg had pushed the company's stock up 5.9% to $13.

A U.S. bankruptcy judge cleared the way Wednesday for a major creditor of the troubled VMS Realty Partners syndicate of Chicago to foreclose on three Southern California office towers owned by VMS Realty Partnerships. Bankruptcy Judge David H. Coar in Chicago gave Swiss Bank Corp. of Zurich approval to foreclose, lifting a court order that had prevented the bank from taking over the 312,000-square-foot Bank of California Plaza building at 110 West A St.

In an attempt to avoid a frontal assault on the secrecy of their operations, two large Swiss banks will hold a high-powered bargaining session in Hong Kong that could generate significant payments to 10,000 Filipinos, The Times has learned. The Filipinos are trying to collect on a $1.9-billion judgment against the estate of late Philippine President Ferdinand E. Marcos, stemming from a massive human rights case.

Swiss Bank Corp. said Wednesday that the Robert Maxwell family has defaulted on a $99-million (55-million British pound) loan but vowed that it would help prevent any collapse of the late tycoon's media empire. Banks that have been big lenders to Maxwell fear that defaults could snowball if smaller creditors follow the Swiss Bank lead and demand repayment.

A U.S. bankruptcy judge cleared the way Wednesday for a major creditor of the troubled VMS Realty Partners syndicate of Chicago to foreclose on three Southern California office towers owned by VMS Realty Partnerships. Bankruptcy Judge David H. Coar in Chicago gave Swiss Bank Corp. of Zurich approval to foreclose, lifting a court order that had prevented the bank from taking over the 312,000-square-foot Bank of California Plaza building at 110 West A St.